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* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MYRG
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MYR Group stock price fell more than -5.31% Friday closing at $143.92
(Updated on May 03, 2024)

Sell candidate since Apr 30, 2024 Loss -13.43% PDF

The MYR Group stock price fell by -5.31% on the last day (Friday, 3rd May 2024) from $151.99 to $143.92. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 8.81% from a day low at $142.81 to a day high of $155.39. The price has risen in 6 of the last 10 days but is still down by -9.32% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -184 thousand shares and in total, 250 thousand shares were bought and sold for approximately $35.97 million.

Given the current short-term trend, the stock is expected to rise 6.45% during the next 3 months and, with a 90% probability hold a price between $153.21 and $193.49 at the end of this 3-month period.

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MYRG Signals & Forecast

There are few to no technical positive signals at the moment. The MYR Group stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $161.70 and $166.52. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -19.24%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for MYR Group stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $12.58 between high and low, or 8.81%. For the last week, the stock has had daily average volatility of 5.38%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (MYRG) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect MYR Group to open at $147.37, and during the day (based on 14 day Average True Range), to move between $137.17 and $150.67, which gives a possible trading interval of +/-$6.75 (+/-4.69%) up or down from last closing price. If MYR Group takes out the full calculated possible swing range there will be an estimated 9.39% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $151.99, some $8.07 (5.61%) from the current price of $143.92, our system finds the risk reward not very attractive.

Is MYR Group stock A Buy?

The MYR Group stock holds several negative signals and despite the positive trend, we believe MYR Group will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.948 Sell Candidate Unchanged

Predicted Opening Price for MYR Group of Monday, May 6, 2024

Fair opening price May 6, 2024 Current price
$147.37 ( 2.40%) $143.92

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for MYRG

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 159.95 11.14 %
R2 155.15 7.80 %
R1 152.18 5.74 %
Current price: 143.92
Support S1 142.57 -0.94 %
S2 139.60 -3.00 %
S3 134.79 -6.34 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 172.35 19.75 %
R2 162.46 12.88 %
R1 151.99 5.61 %
Current price 143.92
Support S1 0 .
S2 0 .
S3 0 .

FAQ

What is the symbol for MYR Group Stock and on which exchange is it traded?
The symbol for MYR Group is MYRG and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell MYR Group Stock?
The MYR Group stock holds several negative signals and despite the positive trend, we believe MYR Group will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy MYR Group Stock?
MYR Group Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy MYR Group Stock.

What's the current price of MYR Group Stock?
As of the end of day on the May 03, 2024, the price of an MYR Group (MYRG) share was $143.92.

What is the 52-week high and low for MYR Group Stock?
The 52-week high for MYR Group Stock is $180.21 and the 52-week low is $110.87.

What is the market capitalization of MYR Group Stock?
As of the May 03, 2024, the market capitalization of MYR Group is 2.409B.

When is the next earnings date for MYR Group?
The upcoming earnings date for MYR Group is Jul 24, 2024.
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About MYR Group

MYR Group MYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada. It operates in two segments, Transmission and Distribution, and Commercial and Industrial. The Transmission and Distribution segment offers a range of services on electric transmission and distribution networks, and substation facilities, including design, engineering, procurement, construction, upgrade, maintenance, and repair ser... MYRG Profile

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